ESMA welcomes the opportunity to respond to the Commission Consultation paper on Fintech: a more competitive and innovative financial sector (hereafter “the Consultation”). Fintech and, technological innovation in general, have been the drivers of a number of developments in the financial sector in...

public consultation on distributed ledger technology (DLT). ESMA is seeking feedback from stakeholders on ... and regulatory issues. Background Distributed ledgers- sometimes known as blockchains- are essentially ... records, or ledgers, of electronic transactions. Their uniqueness lies in the fact that they are maintained ...

providing advisory services to the above Distributed ledger technology anyone using or advising others on ... the use of distributed ledger technology (‘blockchain’) in relation to transactions in securities, whether ... using virtual currency or distributed ledger technology ...

Investment using virtual currency or distributed ledger technology

2015/532

22 April 2015

using virtual currency distributed ledgers (also known as block chains);and The application ... of the distributed ledger technology to securities/investments, whether inside or outside a virtual currency ...

ESMA has been monitoring and analysing virtual currency investment over the last 6 months, to understand developments in the market, potential benefits or risks for investors, market integrity or financial stability, and to support the functioning of the EU single market. ESMA’s analysis is set out...